Taiwan's electronics major Lite-On to pump additional $149 mln into Vietnam arms

Taiwanese electronics maker Lite-On Technology plans to inject an additional $149 million into its wholly owned subsidiaries in Vietnam, as part of efforts to expand production capacity and strengthen its manufacturing footprint.

According to filings with the Taiwan Stock Exchange in late April, the company will allocate $110 million to Lite-On Vietnam to support capacity expansion. Another $39 million will be invested in Lite-On Technology Vietnam for factory construction and operating expenses in the northern province of Quang Ninh.

The capital will be disbursed in phases, depending on actual funding requirements.

Following the latest injections, Lite-On’s cumulative investment in Lite-On Vietnam is expected to reach approximately $432.5 million, while total investment in Lite-On Technology Vietnam will rise to about $159 million. The company maintains full ownership of both subsidiaries, with no restrictions on shareholder rights.

Lite-On noted that the investment decisions received unanimous board approval and do not entail any changes to its existing business model, underscoring a continued commitment to scaling operations in Vietnam.

Established in 2013, Lite-On Vietnam specializes in semiconductor components and electronic parts manufacturing at the VSIP industrial park in the northern port city of Hai Phong. The company inaugurated its phase-two factory at the site in November 2022.

Meanwhile, Lite-On Technology Vietnam is developing a major manufacturing facility at Song Khoai Industrial Park in Quang Ninh, with total planned investment of around $690 million and a site area of roughly 30 hectares.

The latest capital injections underscore Lite-On’s continued expansion in northern Vietnam, as global electronics manufacturers scale up production capacity in the country.